The Indian equity benchmarks bounced after Monday’s sharp selloff led by gains in Reliance Industries, ICICI Bank, HDFC Bank, HDFC, Larsen & Toubro, State Bank of India and Axis Bank. The Sensex rose as much as 266 points and Nifty 50 index moved above its important psychological level of 14,350.
As of 9:21 am, the Sensex was up 124 points at 48,007 and Nifty 50 index rose 0.27 per cent or 37 points to 14,347.